Opponents to Woodside's planned Kimberley coastal gas facility are celebrating the company's announcement that they won't proceed with their original plans for James Price Point. But the celebrations are tempered by Woodside's alternative plans including the consideration of a smaller facility at James Price Point.

Goolarabooloo traditional owner Phillip Roe says he is happy with the announcement but prepared to continue to fight Woodside and the State Government if there are future attempts to industrialise James Price Point.

"We're not really relaxed. If they're going to put a smaller one in, then we're still prepared and we're going to fight it." Mr Roe says.

Supporters of the project see Woodside's decision as a missed opportunity. Talkback caller Graeme was concerned about the economic implications for the town.

"I think there will be a lot of disappointed people up here. I think it's going to take away a lot of chances for new housing and jobs for people in the future." he said.

Benefits package gone

Waardi Corporation was created to handle the administration of the benefits package that was to flow from the James Price Point deal, a package whose value was put at anywhere between $1.2 to $1.5 billion over the course of the project.